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The Italian financial system in the mid-1990s: a difficult transition

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  • M. SARCINELLI

    (Banca Nazionale del Lavoro, Rome (Italy))

Abstract

The Italian financial system is in a transition period searching for an effective compromise between German-style universal banking and the Anglo-American market-oriented system. This was stimulated by the European Community directives and the modernisation of the Italian finance market. The Italian economy, which has been very bank-centred, has gone through major changes due to strong competitive pressures arising from liberalisation and removal of constraints. The transformation being sought can be undertaken by fostering efficiency through competition without sacrificing the stability of industrial capitalism.

Suggested Citation

  • M. Sarcinelli, 1996. "The Italian financial system in the mid-1990s: a difficult transition," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 49(196), pages 3-35.
    • Handle: RePEc:psl:bnlqrr:1996:11
    as

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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10606/10490
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    References listed on IDEAS

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    Cited by:

    1. E. Santarelli, 1997. "Patterns of new firm Survival and Growth in the Italian Financial Intermediation Industry," Working Papers 278, Dipartimento Scienze Economiche, Universita' di Bologna.

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    More about this item

    Keywords

    Financial Services; Italian financial system; Financial markets; European Union;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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